NORWALK, Connecticut, July 2, 2013 /PRNewswire/ -- mPhase Technologies, Inc. (OTCQB: XDSL) released today the Frost & Sullivan report stating that it earned the 2013 North American Advanced Battery Technology Innovation Award on June 17, 2013. Frost & Sullivan recognized mPhase Technologies, Inc. with the Innovation Award for its pioneering nanobattery technology. Key benchmarking criteria was used for determining the Technology Innovation Award. mPhase's performance against key competitors was ranked based on the following:
Uniqueness of Technology
Impact on New Products/Applications
Impact on Functionality
Impact on Customer Value
Relevance of Innovation to Industry
Based on the analysis in the report, Frost & Sullivan's Research Analyst Neha Arun Bakshi concludes: "mPhase Technologies' nanobattery, based on innovative nanotechnology, overcomes the relevant industrial challenges of conventional batteries and provides an efficient and cost-effective energy storage solution. mPhase Technologies' nanobattery also possesses longer shelf life. This solution's power on-command feature nicely provides energy any time the user needs it through a simple command for activation. Frost & Sullivan is therefore proud to present the 2013 Advanced Battery Technology Innovation Award to mPhase Technologies." A full copy of the Frost & Sullivan report can be found below: Click Here ( http://mphasetech.com/Press_Release.html) About mPhase Technologies, Inc. (OTCQB: XDSL) mPhase Technologies is a leading nanotechnology innovator in Smart Surfaces. Potential applications include energy storage systems, drug delivery systems, self-cleaning systems, liquid and chemical sensor systems, and filtration systems. mPhase has pioneered its first Smart Surface-enabled product, the mPhase Smart NanoBattery. In addition to the Smart Surface technology, mPhase, in collaboration with Porsche Design Studio, has developed a world-class automotive jump-starter. See http://www.mpowertech.com/. More information about the company can be found at http://www.mphasetech.com/. Forward-Looking Statements: As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in technology and product development; the Company's ability to execute its business model and strategic plans; and all the risks and related information described from time to time in the Company's SEC filings, including the financial statements and related information contained in the Company's SEC Filing. mPhase assumes no obligation to update the information in this release.